Albertsons Companies, Inc. Declares Quarterly Dividend of $0.17 (NYSE:ACI)

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be given a dividend of 0.17 per share on Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, July 24th.

Albertsons Companies has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Albertsons Companies has a dividend payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Albertsons Companies to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 30.4%.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $14.60 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. Albertsons Companies has a 52 week low of $13.16 and a 52 week high of $21.75. The stock has a market capitalization of $7.15 billion, a PE ratio of 45.63, a P/E/G ratio of 1.69 and a beta of 0.42. The firm has a 50 day moving average of $15.19 and a two-hundred day moving average of $16.54.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The business had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $20.49 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that Albertsons Companies will post 2.11 EPS for the current fiscal year.

About Albertsons Companies

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.